According to the Galaxy Research report, the LIBRA token incident has negatively impacted the Solana $169 memecoin ecosystem. The liquidity problems that arose following the January launch of the TRUMP ($17.02) token may seem minor compared to the damage that LIBRA is poised to inflict.
LIBRA Fraud Allegations
The report indicated that the LIBRA incident has exerted pressure on the Solana network token SOL ($171.71). It was expressed that SOL’s rise is dependent on the demand for SOL-based assets, while we are witnessing value losses against the dollar and Ether.
Argentinian President Javier Milei claimed that he intended to support small businesses with the LIBRA token, yet faced threats of removal from office. This situation has sparked debates in the political and economic spheres.
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